Alternatively, if the property is tenanted, the income approach may estimate value by capitalizing the income.

guesty is great if you have 40+ properties and want to invest your time in their customizations. hostaway can handle hundreds before it breaks, or leaves you wanting more visibility, but at that point you can build whatever is missing on upwork I did the demo call with Hostaway the other day and it seems nice as a slightly less feature filled but maybe more intuitive alternative to Ownerrez. 

To be considered a trade or business for the qualified business income deduction, all of these must be true:Your participation in the rental activity must be regular, continuous, and substantial.You conduct the rental activity with the expectation that you'll make a profit.The rental activity is conducted in the United States or Puerto Rico.Rental activities that are considered trades or businesses include:A real estate professional who materially participates in the activityA rental to a commonly owned trade or businessRental activities that aren't considered trades or businesses include:Rentals for less than fair market value (FMV)A lease agreement in which the tenant pays for real estate taxes, insurance, and maintenanceA vacation home that's rented out and also used as a personal home

I've had someone reach out to me with one number, but when I call back I never get a response, so I dug up two alternate numbers.

If so, has anyone found an alternative path for STR in their multiplex?

That way, you will likely already have hit your 100 hours of material participation, but your cleaners, for example, would not have exceeded you since you would have only had a few bookings before the end of the year.Also, another good one, is that material participation does not count until you are in contract on a property.  

But I don't know enough about TX real estate law to determine an alternative that would not require either the due on sale or refi, and I do NOT want to lose this ridiculously low rate.

Alternatively, if you want to connect I'm also a licensed agent for ERA Live Moore, seasoned investor, and have access to off market listings that might fit the bill for a first multi-family / house hack investment property.

All other fees such as duct modifications, code upgrades, labor and materials ect, ect, are not covered.

The materials themselves seem quite cheap.